January 18, 2025
Japan’s SMBC offers loans backed by chipmaking gear, starting with Kioxia #JapanFinance

Japan’s SMBC offers loans backed by chipmaking gear, starting with Kioxia #JapanFinance

Financial Insights That Matter

TOKYO — Sumitomo Mitsui Banking Corp. has launched asset-based financing that uses semiconductor manufacturing equipment as collateral, providing another avenue to help meet the industry’s immense financing needs.

The Japanese megabank is teaming with outside partners to assess and monitor the value of these assets, in an arrangement believed to be the first of its kind.